China discovers first 100-million-ton oil field in deep water. Kaiping South Oilfield is located in the Kaiping Depression in the eastern part of the South China Sea.
Average daily oil and gas production in the test exceeded 1,000 tons of oil equivalent, setting a new record for China's deep-water test production. The discovery of the 100- million-tonOil field in Kaiping has further revealed the huge exploration potential in China’s deep water fields.